

440 Raymond AveSanta Monica, CA 90405
Multi-Family · 28 Beds · 15,820 Sq. ft. | 0.32 Acres440 Raymond Ave Overview
- Time on Site:
- 13 days
- Visits:
- 0
*NOW TOURING* We are proud to present 440 Raymond Ave, a 20-unit multifamily investment opportunity located in the highly sought-after Ocean Park neighborhood of Santa Monica. Held by the same family since 1997, this offering represents a rare opportunity to acquire a Westside asset being offered for sale for the first time in nearly 30 years. Featuring a desirable courtyard-style layout, the property has benefited from significant capital improvements throughout ownership, including a complete copper plumbing repipe, newer above grade sewer pipes, completed seismic retrofit work, security enhancements, and numerous common area improvements. Additionally, 15 of the property's 20 units have been renovated with updated kitchens and bathrooms, quartz countertops, upgraded cabinetry, wood flooring, ceramic tile finishes, crown molding, LED lighting, and updated appliances. Ownership has completed extensive renovations while leaving additional upside through continued unit turnover.Positioned approximately five blocks from the Pacific Ocean, residents enjoy convenient access to Main Street Santa Monica's restaurants, cafes, boutiques, fitness studios, and neighborhood-serving retail. The property is also located near the Santa Monica Farmers Market, Santa Monica Pier, Abbot Kinney,Third Street Promenade, and the beach bike path. Located in the heart of Silicon Beach, 440 Raymond Ave benefits from proximity to major employment centers throughout Santa Monica, Venice, Playa Vista, Marina del Rey, and Culver City. Convenient access to Lincoln Boulevard, Pacific Coast Highway, and the I-10 Freeway further enhances accessibility throughout the Westside.440 Raymond Ave offers investors a rare opportunity to acquire a well-located Ocean Park apartment asset being offered for sale for the first time in nearly 30 years, with extensive renovations, a walk-to-beach location, and continued rental upside.
440 Raymond Ave Facts & Features
- Type Multi-Family
- Sq. ft. 15,820
- Price/Sq.ft. $490
- Lot 0.32 Acres
Details
General
Income/Expenses
- Gross Income: 631196
- Net Operating Income: 425370.00
Building Information
- Year Built: 1969
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Santa Monica
Rent/Lease Information
- Tenant Pays: Gas, Electricity
Tax Information
- Tax Assessed Value: 2215504
General Information
- Disclosures: None
- Property Condition: Updated/Remodeled
- Property Type: Residential Income
- Rent Control: True
- Zoning: SMOP2*
Interior
Beds/Baths
- Bathrooms Total: 28.00
- Bedrooms Total: 28
General Information
- Cooling: None
- Entry Location: Ground Level w/steps
- Flooring: Carpet, Engineered Hardwood, Vinyl Plank, Wood Laminate
- Heating: Wall
- Interior Features: Crown Moldings
- Levels: Two
- Living Area: 15820
- Living Area Source: Vendor Enhanced
- Spa Features: None
- Spa: False
- Stories: 2
Exterior
Parking Information
- Parking Total: 29
Lot Information
- Lot Features: 5 + Lots, Automatic Gate, Sidewalks
- Lot Size Acres: 0.3171
- Lot Size Area: 13811
- Lot Size Source: Vendor Enhanced
- Number Of Buildings: 1
Building Exterior/Construction
- Patio And Porch Features: Deck(s), Balcony
General Information
- Covered Spaces: 29
- Number Of Units Total: 20
- Other Structures: None
- Pool Features: None
- Pool Private: False
440 Raymond Ave Neighborhood
Community
90405 (Santa Monica) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.440 Raymond Ave Monthly Cost
440 Raymond Ave Market Data
Based on the last 30 days in this zip code
440 Raymond Ave History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: CRMLS | June 16, 2026 |
|
| 6/16/2026Source: TheMLS (CLAW) | June 16, 2026 |